Show me the money! That is what employees are all about and what keeps them with you right? Well, not exactly. In fact, most employers will tell you signing bonuses, raises, and other financial incentives alone do NOT improve retention in the long term. So what do you do to keep employees? Understand the incentives that mean the most for the workforce and design an employee value proposition around them.
After decades or leading a variety of organizations, particularly during change, with the expectations of optimizing and growing “business” and inherently retaining, reorganizing, and/or rebuilding the talent within the organization, it’s clear there is no one right answer to the challenge of retaining and growing talent across an organization.